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The Latest Breaking News from Oil

Expectations for US Tariffs on Canada and Mexico Boosts Crude Prices

April WTI crude oil (CLJ25 ) Thursday closed up +1.73 (+2.52%), and April RBOB gasoline (RBJ25 ) closed up +0.0496 (+2.26%). Crude oil and gasoline prices rallied Thursday after President Trump confirmed plans to impose tariffs on Canada and Mexico, the two top suppliers of crude to the US, starting...

Barchart

$We aren’t fracking in North Yorkshire$

We aren’t fracking in North Yorkshire

Letter: William Holland responds to a letter that said that his company, Europa Oil & Gas, was submitting an application for fracking operations

The Guardian - UK

Crude Prices Push Higher as US Affirms Tariffs on Canada and Mexico

April WTI crude oil (CLJ25 ) today is up +1.30 (+1.89%), and April RBOB gasoline (RBJ25 ) is up +0.0326 (+1.49%). Crude oil and gasoline prices today moved moderately higher after President Trump confirmed plans to impose tariffs on Canada and Mexico, the two top suppliers of crude to the...

Barchart

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Trump Ends Chevron's Venezuelan Oil Permit, Citing Democratic Failures

President Trump's decision to terminate Chevron's permit to export Venezuelan oil impacts Venezuela's economy and raises democratic concerns.

Top News

Trump cuts financial lifeline for Venezuela's government by ending permit to export oil to US

A permit issued by the United States government allowing energy giant Chevron Corp. to pump and export Venezuelan oil will be terminated this week

The Independent UK

Trump Revokes Venezuela Oil Licenses, Claims 'Regime' Is Not Taking Back 'Violent Criminals' At The 'Rapid Pace They Agreed To'

Trump announced he is reversing Biden-era oil concessions to Venezuela, citing Maduro's failure to meet electoral promises and deport migrants.

Latin Times

Should You Buy, Sell, or Hold Occidental Petroleum Stock After Its 9% Dividend Hike?

Following a 9% dividend hike, Occidental Petroleum’s stock is under scrutiny.

Barchart

Crude Prices Weighed Down by Economic Concerns

April WTI crude oil (CLJ25 ) Wednesday closed down -0.31 (-0.45%), and April RBOB gasoline (RBJ25 ) closed down -0.0232 (-1.05%). Crude oil prices Wednesday settled moderately lower, with crude falling to a 2-1/4 month low and gasoline sliding to a 2-month low. Economic concerns weighed on crude prices Wednesday...

Barchart

Have a Kia With a Bad Engine? Kia Might Replace It for Free

Kia has a problem with the 2.0-liter engine used in some Soul and Seltos models: some could have potential engine damage that could lead to a failure or a fire. As a result, 137,256 vehicles have been recalled.

Motor1

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The Guardian - UK

Dirtier BP is still miles away from resetting its share price

Fossil fuel giant’s strategic U-turn may be far-reaching but even after ditching climate goals the shares fell

The Conversation

Alberta’s oil and gas wells threaten people’s health, but there are disparities in who is most at risk

Around 13 per cent of Albertans live within 1.5 kilometres of an active oil or gas well. Given the link between oil and gas production and ill health, this leaves a significant proportion of the province’s population at risk.

The Guardian - UK

Why has BP pulled the plug on its green ambitions?

Oil firm abandons plan to become net zero energy company as its CEO claims strategy went ‘too far, too fast’

Homes & Gardens

How to pick an easy-to-clean non-toxic cutting board – to keep harmful microplastics away from your food

There's more research than ever that microplastics harm human health and the planet

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The Independent UK

After a month of Trump's pro-oil and gas moves, Dems target his energy emergency

President Donald Trump pledged a U-turn away from the Biden administration's commitment to fighting climate change and promoting clean energy

Barchart

Crude Prices Recover after Weekly EIA Inventories Unexpectedly Decline

April WTI crude oil (CLJ25 ) today is up +0.06 (+0.09%), and April RBOB gasoline (RBJ25 ) is down -0.0192 (-0.87%). Crude oil prices today are mixed, with gasoline falling to a 2-month low. Economic concerns are weighing on crude prices today after US Jan new home sales fell more...

The National (Scotland)

Labour must turn 'warm words' on climate crisis into 'real action', warn Greens

THE Labour Government has been urged to turn “warm words” into greater action on the climate emergency by the Scottish Greens after a report…

Evening Standard

BP slashes green energy spending and turns back towards fossil fuels

The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.

Fortune

How BP went from eco poster child to possible takeover target

“In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its strategy.

Barchart

Little-Followed National Fuel Gas Hits 56th 52-Week High. Is It Too Late to Buy?

Western New York-based oil and gas company National Fuel Gas hit its 56th 52-week high on Tuesday. Up 52% in the past 12 months, FOMO appears to be building. Is it too late to jump on the bandwagon?

The Independent UK

Transition to renewables taking longer than thought, senior BP figure tells MPs

Louise Kingham said ‘clarity’ from the UK Government is needed to unlock investment in the North Sea as she reaffirmed BP’s commitment to net zero.

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